HK Stock Movement | SD GOLD (01787) Rises Nearly 4% as Shanjin International Plans to Increase Capital in Hainan Shengwei to Seize Hainan Free Trade Port Policy Opportunities

Stock News12-17 14:36

SD GOLD (01787) rose nearly 4%, reaching HK$34.36 by the time of writing, with a trading volume of HK$150 million. The increase follows the company's recent announcement that its wholly-owned subsidiary, Shanjin International Gold Co., Ltd., intends to inject RMB 1.4 billion of its own funds into Hainan Shengwei to strengthen its operational capabilities and support the project development of its overseas subsidiary, Osino Gold Mining and Exploration (Pty) Ltd. The capital increase, which will be fully recorded as capital reserve without altering the registered capital, aims to leverage policy opportunities under the Hainan Free Trade Port initiative. Post-investment, Shanjin International will retain 100% ownership of Hainan Shengwei.

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